The Channel logo

News

By | John Oates 3rd May 2006 08:56

EDS results on track

Services giant on course...

EDS posted improved profits for the first quarter ended 31 March 2006, but just missed Wall Street predictions.

The services giant made $24m profit in the three months, compared to $4m in the first quarter of 2005. Analysts were expecting closer to $30m. EDS brought in revenues of $5.08bn, up 10 per cent on the same quarter last year.

The company signed $10bn in contracts in the period compared to $6.9bn in the same period a year ago.

Big contract renewals included $3.6bn with General Motors and $3.9bn with the US Navy.

Revenues in the US grew three per cent in the period to $2.3bn, and profits were up to $306m, a 10 per cent increase. In EMEA revenue grew 16 per cent to $1.6bn thanks mainly to the UK Ministry of Defence. EDS is providing a new communications network "DII".

Asia-Pacific brought in $303m, up eight per cent. US government projects, including the troubled NMCI project for the Marines, brought in $840m, a 28 per cent increase.

For the year, EDS is keeping up with previous guidance - it expects to bring in between $20bn and $20.05bn.

More from EDS here.®

alert Send corrections

Opinion

ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead
Satya Nadella
cloud computing Fight

Tom Pappas

We all know hardware lasts longer than 3 years so why bin good kit?

Features

SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on
Windows 8.1 Update Start Screen
As good as it gets, for now
Is everything fatally borked? Not quite, say security godheads